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Liquidations are going through the roof, the number of construction failures has increased by 25%

Posted on by Bobb
Liquidations are going through the roof, the number of construction failures has increased by 25%

The report notes that construction, real estate and agriculture are taking the brunt of the hit, while hotel companies are also “more than twice as likely” to be caught in the middle.

Downfall: Construction firms lead as liquidations rise.

The number of liquidations rose to a record 306 in September, capping a quarter in which a staggering 707 companies were closed.

This is a quarter increase from the previous year and the highest level in a decade.

New Zealand’s construction sector has been hit by tougher business conditions, accounting for 28%.

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